Copy of a post by me on iHub in response to a comm
Post# of 1674
Posted On: 06/08/2016 2:58:01 PM
Copy of a post by me on iHub in response to a comment that the convertible debt selling process was procecding smoothly and should be accomplished at a pps of .0003.
I agree - 159M done so far in 7.5 trading days. I believe the quota is 100M per 5 trading days and they are meeting all at .0003 from the continual topping up of the bid.
There is little doubt the visible .0002 bid will be 100M plus (68M from just 2 x MMs with 6 total in the action) + the large AONs + as much again from the non-retail buyers if that pattern continues.
I believe that longs seeking to deny flippers .0002s will continue to top up the .0003s and they already have a large chunk of the .0002 covered.
I agree - 159M done so far in 7.5 trading days. I believe the quota is 100M per 5 trading days and they are meeting all at .0003 from the continual topping up of the bid.
There is little doubt the visible .0002 bid will be 100M plus (68M from just 2 x MMs with 6 total in the action) + the large AONs + as much again from the non-retail buyers if that pattern continues.
I believe that longs seeking to deny flippers .0002s will continue to top up the .0003s and they already have a large chunk of the .0002 covered.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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